Zhang Financial LLC Purchases 3,116 Shares of Ford Motor (NYSE:F)

Zhang Financial LLC grew its position in shares of Ford Motor (NYSE:F) by 1.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 163,564 shares of the auto manufacturer’s stock after purchasing an additional 3,116 shares during the period. Zhang Financial LLC’s holdings in Ford Motor were worth $1,619,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Quarry LP bought a new position in shares of Ford Motor during the 2nd quarter valued at $27,000. Kimelman & Baird LLC purchased a new stake in Ford Motor during the second quarter valued at about $30,000. Reston Wealth Management LLC bought a new position in shares of Ford Motor during the third quarter valued at about $33,000. Access Investment Management LLC purchased a new position in shares of Ford Motor in the third quarter worth about $34,000. Finally, Modus Advisors LLC bought a new stake in shares of Ford Motor in the 4th quarter valued at about $34,000. 58.74% of the stock is currently owned by hedge funds and other institutional investors.

Ford Motor Stock Performance

Ford Motor stock opened at $10.17 on Monday. The company has a debt-to-equity ratio of 2.34, a current ratio of 1.15 and a quick ratio of 0.98. The firm has a market capitalization of $40.43 billion, a P/E ratio of 11.56, a price-to-earnings-growth ratio of 1.86 and a beta of 1.64. Ford Motor has a 1-year low of $9.49 and a 1-year high of $14.85. The company’s 50-day moving average is $10.38 and its 200 day moving average is $10.92.

Ford Motor (NYSE:F) last announced its quarterly earnings data on Monday, October 28th. The auto manufacturer reported $0.49 EPS for the quarter, beating the consensus estimate of $0.47 by $0.02. Ford Motor had a return on equity of 16.16% and a net margin of 1.93%. The company had revenue of $46.20 billion for the quarter, compared to the consensus estimate of $45.13 billion. During the same quarter in the prior year, the company posted $0.39 EPS. Ford Motor’s quarterly revenue was up 5.5% on a year-over-year basis. Research analysts forecast that Ford Motor will post 1.77 EPS for the current year.

Ford Motor Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Thursday, November 7th were issued a dividend of $0.15 per share. The ex-dividend date of this dividend was Thursday, November 7th. This represents a $0.60 annualized dividend and a yield of 5.90%. Ford Motor’s payout ratio is currently 68.18%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on F shares. The Goldman Sachs Group upgraded Ford Motor from a “neutral” rating to a “buy” rating and boosted their price target for the company from $12.00 to $13.00 in a report on Tuesday, October 1st. Deutsche Bank Aktiengesellschaft reduced their target price on Ford Motor from $11.00 to $10.00 and set a “hold” rating on the stock in a research note on Wednesday, October 30th. Morgan Stanley lowered Ford Motor from an “overweight” rating to an “equal weight” rating and dropped their price target for the stock from $16.00 to $12.00 in a research note on Wednesday, September 25th. Wolfe Research reissued an “underperform” rating on shares of Ford Motor in a research report on Thursday, December 5th. Finally, Barclays decreased their price objective on shares of Ford Motor from $14.00 to $13.00 and set an “overweight” rating for the company in a report on Tuesday, October 29th. Four investment analysts have rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $11.83.

Ford Motor Company Profile

Ford Motor Company develops, delivers, and services a range of Ford trucks, commercial cars and vans, sport utility vehicles, and Lincoln luxury vehicles worldwide. It operates through Ford Blue, Ford Model e, and Ford Pro; Ford Next; and Ford Credit segments. The company sells Ford and Lincoln vehicles, service parts, and accessories through distributors and dealers, as well as through dealerships to commercial fleet customers, daily rental car companies, and governments.